act two

The collapse of the financial system as we know it is real, and the crisis is far from over. Indeed, we have just entered Act II of the drama….When the financial markets started losing confidence in the credibility of sovereign debt, Greece and the euro have taken center stage, but the effects are liable to be felt worldwide.

—George Soros, at a conference in Vienna, remarking that the current situation is “eerily” reminiscent of the 1930’s: via Bloomberg